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alexandr1967 [171]
2 years ago
9

Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20 percent. Households depo

sit $5,000 in currency into the bank, and the bank adds that currency to its reserves. What amount of excess reserves does the bank now have
Business
1 answer:
bekas [8.4K]2 years ago
5 0

Answer:

$4000

Explanation:

Fractional banking is a banking system where a portion of customer's deposits is kept as reserves while remaining portion is lent out. The amount kept as reserves is determined by the required reserve ratio set by the Central bank.

Reserve ratio is the percentage of deposits that is required of commercial banks to keep as reserves

Total deposits = $100,000 + $5,000 = $105,000

Required reserves = 0.2 x 105000 = 21,000

total reserves = $20,000 + 5000 = 25,000

excess reserves = 25,000 - 21,000 = 4000

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After freezing salaries for three years, Solo Music Publishers determined that employees with two to three years of experience w
dimulka [17.4K]

Answer: C) Benchmark against local and national markets

Explanation:

This is the best answer because Solo Music Publishers is losing employees to rivals because they offer better salaries. Should they then align their salary package to that of rivals at a local and national scale, they will become more competitive and hence more attractive. Baring other factors then, they should lose no more employees based on salary structure alone.

5 0
3 years ago
Today the current EUR to USD exchange rate is 1 EUR = 1.19 USD. According to the Bloomberg consensus estimate, the EUR to USD ex
OlgaM077 [116]

Answer:

1 . b

2. 84.03 euro

3. 135.28 euros

4. 177.22 dollars

5. 0.77

6. 0.154

Explanation:

1. Dollar depreciated

2. 1 Euro = 1.19 dollars

So therefore

1 dollar = 1 euro/1.19

So 100 dollars = 100 * (1/1.19) = 84.03 Euro.

3. A = p * (1 + (r/n))^(nt)

Where p = principal = 84.03

A = accrued amount after maturity

r = rate = 10%

n = number of compounding = yearly = 1

t = time of maturity = 5

So therefore:

A = 84.03 (1 +0.1)^5

A = 135.28 Euro

4. Convert 135.28 euros to dollars after 5 years

Since 1 Euro = 1.31 dollars

So therefore 135.28Euro will be 1358.28 * 1.31 = 177.22 dollars

5 - (final value/initial value) - 1 )

Where final value = 177.22

Initial value = 100

So therefore [ (177.22/100) - 1] = 0.77

6 - average annual return = sum of earning after maturity / time of maturity

So therefore : 0.77/ 5 = 0.154

6 0
2 years ago
Read 2 more answers
A customer is complaining to you about an issue they are having with your company’s product. You know from experience that this
Marat540 [252]

Answer:

A. Let the customer finish complaining, then explain to her why she is having the issue.

Explanation:

In dealing with customers it is important that conflicts is on de-escalation in such a way that the customer is satisfied after the transaction and does not feel bad about the incident.

In the given scenario the customer caused the issue but it is important to listen to their complaint and get clarity on the situation.

Cutting the customer short because a similar situation occurred in the past may not reveal all issues. So it is better to hear the customer's full complaint.

Then we need to explain to the customer why the customer is having the issue without emphasising they are wrong.

This will reduce bad feelings on the part of the customer

8 0
2 years ago
Consider the following items:
mrs_skeptik [129]

Answer:

land, Accounts Receivable

Notes Payable , Buildings

,Equiment

Explanation:

land will last very long if u take care if it

Notes payable are long-term assets because it says ' due in three years ' nad from what i know 3 years is alot

buildings are also very long-term asest if you build them strong and powerful

Notes Payable are long-term assets because it says " due in six months " . From whay i know 6 months is half year , and that is a lot

last but not least equiment . If you take care if your equiment it will stay good for al long time

P.S , hope it is right

PEACE

7 0
3 years ago
I usually do not experience sudden intuitive thoughts.<br> Disagree<br> Agree
svetoff [14.1K]

Answer:

Disagree

Explanation:

7 0
3 years ago
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